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Blockchain for Social Good: European Initiatives Harnessing Distributed Ledger Technology to Address Environmental, Social, and Governance Challenges in the Region

admin admin April 14, 2024
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Tech CEOs Magazine > Blog > AUTOMOTIVE > Innovations In The Automotive Industry
AUTOMOTIVETECHNOLOGY

Innovations In The Automotive Industry

admin
Last updated: July 22, 2021 10:03 am
By admin 2 Min Read
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Information-oriented technologies play a key role shortly in the automobile industry, according to a comprehensive analysis of industry trends to expect forward to in 2021. At a never-before-seen rate, the sector is incorporating new technology into its processes. In addition to long-established technologies like artificial intelligence (AI) as well as big data and analytics, emerging technologies like the blockchain and the internet of things (IoT) have several uses in the automotive industry.

Autonomous vehicles, often known as self-driving vehicles, focus on reducing the role of human drivers thus appear to be on the verge of revolutionizing ordinary transportation. AV fleets aim to improve and expand the scope of last-mile shipments, public transit safety, and reducing downtime. By minimizing accidents prompted by driver exhaustion or negligence, for instance. Advanced recognition technology like AI-enhanced image recognition, is used by AVs to detect obstructions along the road.

Intvo

Intvo is a start-up based in the United States that produces pedestrian behaviour forecasting technology. Despite two-dimensional and three-dimensional object detection systems, which take into account only a few characteristics, their approach examines eye contact, head position. Pedestrian leg movements, climate conditions, and even a risk level are all taken into account. This lowers the false positive rate in pedestrian identification and improves autonomous vehicle safety. Pedestrian leg movements, climate conditions, and even a risk level are all taken into account. This lowers the false positive rate in pedestrian identification and improves autonomous vehicle safety.

Udelv

Udelv, a start-up established in the United States, delivers autonomous automobiles for last-mile shipments. For human-assisted guiding in unusual scenarios, it integrates powerful AI algorithms as well as hyper-fast teleoperations. The vans of this particular company have such a payload of around 360 kg and can travel at speeds of up to 100 km/h. When the order arrives, the vans distribute groceries from neighbouring supermarkets and give a push notification.

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